Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
4.38p paid.
Well, it's been rumoured that I'm brain dead more than once Wyn, so does that count? ;)
For those with L2 access, what are your thoughts on resistance levels.
It seems to me that any free shares are getting snapped up quick.
Seconded ukchips. And a mention to Amin too.
Been a long and painful wait at time - next few weeks and we could make some decent profits guys.
You won't let me live that down will you Wyn ;)
Good movement today - let's hope for a solid few days leading up to Xmas.
By popular demand (well pjonesy anyway).
Small one just for now - bigger one when we spud.
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It’s pointless trying to extrapolate the lows from a one-off event into a prolonged price crash.
With the on-going reduction in exploration leading to diminishing reserves, once the demand goes back up (which it will, even with a short-term drop due to omicron) there’s only one direction that oil is going IMO.
As we’ve seen recently, we can’t rely on solar/wind for enough energy, and the small nuclear reactors are still a long-way off. The only viable sources of energy are oil, gas and coal. If anyone seriously expects the main users of fossil fuels (China, India) to curtail their use they are deluded. Also, as Africa needs to develop further, the only way that will be achieved is via cheap energy - which means fossil fuels.
Won’t make Greta happy, but then nothing does.
Alternative view.
Company is undertaking good PR since IPO took place.
Good news flow to continue into 2022.
Shares are currently cheap compared to where they will be in 12 months.
My target end 2022 - 8-10p.
It’s also caused by ‘money printing’ (QE etc). The more the mo hey supply increases, the more demand there is.
I agree there are supply side issues currently, but the vast amount of the debt has been added over the last 20 odd years or so.
Simple fact - you can’t print wealth, which is what is going on.
I guess you’ve never experienced high inflation ukchips. High inflation kills the economy.
Interest rates are only this low because the world is awash with debts which can’t be repaid. Central banks are trapped as they can’t raise interest rates too much as this will increase debt repayments for governments/businesses/individuals, but they also can’t allow inflation to become too entrenched.
They’ve played ‘kicking the can down the road’ for so long they think they can keep doing it by issuing more debt. Eventually reality kicks in.
Yep, I’m sure Jadestone are happy to keep paying out $100k+ per day to slow things down because they are jealous. :-))
Doesn’t really make sense does it ukchips.
Looks like you’ll be picking up some cheap ‘uns Baldey. Good for you.
I’ll see how things unfold tomorrow, but at his price with an expected/hoped for price of 5p-5.5p during spud, it seems like easy pickings.
Fundamentals have not changed.
ADV BOD have not screwed up.
Rig has no issues.
Only issue is Jadestone and their overrun.
I don’t feel the need to vent about this - so our (hopeful) good news is delayed 4 weeks, that’s not really that important, unless you need funds of course.
My thoughts too. This is a good story IMO - and the profits from the recycling can be used to support the mine exploration.
Good year coming up in 2022.
Nothing we can do about that. All we can do is base our decisions on fundamentals.
Personally, I never look at trade data as an indicator - charts yes, to get an indication of sentiment over time.
You’re going for it Matrix :-).
I don’t see this going much lower as you’d be expecting most holders to be for the spud/results now. It’s been in a fairly narrow range for quite some time now.
The reason is that when the trades get printed, they have 3 prices. Bid, Ask, Price Paid.
They don't know if this is a sale or a buy (yeah, I know, it shouldn't be that complicated as far as I can see).
Anyway, the bid/ask is 3.2/3.5. You paid 3.295 which is closest to 3.2, so it gets shown as a sell.
Welcome BTW. Good prospects and this will give you a good return over the next few years IMO. Many multiple returns I am hoping for especially if the news stream is as good as expected.
@Jezzac @Amin
Agreed - I’m not concerned by the 2 weeks.
The only criticism which would be warranted IMO, would be if ADV/CVN were aware that delays were likely but chose to delay announcing. That is speculation and helps no-one, and actually, doesn’t alter the project dynamics.
In a few weeks, the rig will be there drilling. These delays will be forgotten.
It just gives us the chance to top-up if other investments pay-off :))
@Jezzac @Amin
I do understand the frustration of the delays. I guess we split into 2 camps, those who shrug and say it's annoying but we view the delays as beyond the control of CVN/ADV and those who feel that the comms could be better.
I guess no-one is "right" - just a difference of perspective.
I did think there could be a drop lower as this is the 2nd delay of 2 weeks, but it appears that most holders are happy to be patient.
GLA - let's hope we get the rig before Christmas eh!
Explains all the large buys then ;)